Robots are everywhere. They help lawyers make decisions, they sweep up after our parties, and now they can help you figure out how to invest your money. In fact, an Atlanta-based company called iAllocate is using artificial intelligence to suggest where you should be stashing your millions.
“Currently, iAllocate.me provides investors of all levels a DIY set of tools to not only educate themselves about the investor inside them, but also take away a personal and strategic Asset Allocation Strategy. The user/investor can then instantly build a diversified Tactical Investment Portfolio with ETF (Exchange Traded Funds) recommendations, which have been intelligently optimized using a proprietary iA algorithm from a selection universe of more than 400 different ETFs,” said the co-founder Tom Pair. Pretty basic stuff, right?